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Average Occupancy
Indicates the percentage of leased space in the company's portfolio, revealing demand for its properties and potential for rental income growth.Average occupancy climbed to a peak near 98% through early 2023, then gradually slipped into the mid-95% range—suggesting demand cooled or incremental supply absorbed space—yet occupancy remains healthy; the small uptick in mid‑2026 hints at stabilization. For investors, this moderating but high occupancy implies potential slowing rent growth and more emphasis on leasing spreads and development absorption rates rather than occupancy shocks; continued monitoring of new supply and same-store NOI is key.
Date | Average Occupancy |
|---|---|
Sep 30, 2026 | 95.10 |
Jun 30, 2026 | 95.50 |
Mar 31, 2026 | 95.30 |
Dec 31, 2025 | 95.30 |
Sep 30, 2025 | 95.20 |
Jun 30, 2025 | 95.40 |
Mar 31, 2025 | 95.50 |
Dec 31, 2024 | 96.30 |
Sep 30, 2024 | 96.50 |
Jun 30, 2024 | 96.60 |